$3,050,000
$3,195,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
8,436 SqFt
SOLD DATE : 08/16/2024
Key Details
Sold Price $3,050,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,436 sqft
Price per Sqft $361
MLS Listing ID 424022852
Sold Date 08/16/24
Bedrooms 6
HOA Y/N No
Year Built 1925
Lot Size 3,249 Sqft
Acres 0.0746
Property Sub-Type Multi Family
Property Description
**Price reduced, now 5.94% cap, 11.4 GRM, $379/ft. Excellent value for 12 units.** 400 28th Avenue consists of 12 units and 11 car parking located at the corner of 28th Avenue and Clement in the Central Richmond. The property was seismically retrofitted (2014), has updated fire alarms (2024), and had the underground storage tank removed. The former boiler has been replaced with two 100-gallon hot water heaters and electric heaters. The apartments consist of six (6) 1-bedroom units and six (6) studio units. Two studios and two parking spots will be delivered vacant. $279,000 of annual income. 400 28th Avenue offers investors a clean, easy-to-manage asset in a great neighborhood with cash flow and upside.
Location
State CA
County San Francisco
Area Sf District 1
Interior
Heating Electric, Wall Furnace
Fireplace No
Window Features Bay Window(s)
Exterior
Garage Spaces 11.0
Roof Type Asphalt
Total Parking Spaces 11
Building
Lot Description Corner Lot
Foundation Concrete
Level or Stories Four
New Construction No
Others
Tax ID 1459026
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
